House Ways and Means Committee Chairman Kevin Brady (R-TX) released a revised year-end tax bill this week that still includes repeal of a 21 percent tax on parking and transportation benefits provided by nonprofit organizations. ASAE and its UBIT Coalition have been seeking repeal or delay of this tax for almost a year. In addition… Read more »

A Treasury Department-led task force released a series of recommendations this week to overhaul the U.S. Postal Service’s business model without overly burdening taxpayers. Between fiscal 2007 and fiscal 2018, the USPS experienced net losses totaling $69 billion and is forecasted to lose tens of billions of dollars more over the next decade if its… Read more »

Both the House and Senate passed a continuing resolution today to fund the government for two weeks, through Dec. 21, to allow more time to negotiate funding for nine Cabinet departments and dozens of smaller federal agencies. President Trump has said he will sign the stopgap funding measure, but he still wants $5 billion for… Read more »

Time is running short for this Republican-controlled Congress to pass a substantial new tax package, but ASAE is still urging lawmakers to repeal a provision in last year’s tax law that forces nonprofit institutions to pay a 21 percent tax on parking and transportation benefits for their employees. House Ways and Means Committee Chairman Kevin… Read more »

ASAE sent a letter to the Treasury Department earlier this week asking the department to mitigate the impact of a 21% excise tax on certain tax-exempt executive compensation, enacted as part of last year’s Tax Cuts and Jobs Act (TCJA). As ASAE explained in a letter to members, the tax might appear to impact only… Read more »

Democratic leaders say their first legislative proposal when they take control of the House in January will center on campaign finance reform, closing loopholes in government ethics laws and reducing the influence of outside money in politics. House Minority Leader Nancy Pelosi (D-CA), who was nominated by House Democrats this week to serve as the… Read more »

Plans for a European Union (EU)-wide digital tax on big technology companies like Google, Amazon and Facebook fell apart this month when several European countries objected to the proposal. The push to adopt an EU-wide digital tax was led largely by the UK, France and Germany who want to tax tech companies earning profits in… Read more »

President Trump said this week he would “totally be willing” to shut down the government if Congress does not approve at least $5 billion for his wall on the U.S.-Mexico border as part of a year-end spending deal. Congress is facing a Dec. 7 deadline to pass legislation funding the Homeland Security Department, the State… Read more »

House Ways and Means Committee Chairman Kevin Brady (R-TX) last night offered a “manager’s amendment” to his year-end tax package which includes a full repeal of UBIT on qualified transportation and parking fringe benefits provided by tax-exempt organizations. Included in last year’s Tax Cuts and Jobs Act, the provision forces tax-exempt groups to pay tax… Read more »